SMEs deserve greater attention: Atiur Small entrepreneurs, particularly the young and women, deserve greater attention of the policymakers and regulators to help them grow and receive adequate financing, said a former central bank governor. “Despite many successes, SME financing still remains inadequate,” said the governor, Atiur Rahman. Assistance to small

Bangladesh Bank sells $45m more to three banks The central bank of Bangladesh has sold US$45 million more to three commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Wednesday at market rate to settle outstanding letters

New banking hours for Ramadan Bangladesh Bank has fixed the office hours for all banks from 9:30am to 4:00pm for the holy month of Ramadan. Bank officials will get a prayer break between 1:15 pm and 1:30pm, according to a BB circular. During the prayer break, transactions will be made

Credit card, personal loan limits for consumer financing double Limits to credit-card and personal loans under consumer financing almost doubled to match rises in people’s purchasing power, officials said Tuesday. Bangladesh Bank (BB), country’s central bank, revised the limits after 13 years considering per-capita income, they explained. Under the revised

BRAC Bank records 75.0% YoY profit growth BRAC Bank Limited recorded a staggering 75% growth in year-on-year after tax profit in the first six months (January-June) of 2016, said a statement. The bank reported a consolidated after tax profit of BDT 1,746 million during January-June 2016 which was BDT 1,000